WASHINGTON, DC-The reigns will tighten on Freddie Mac, as the mortgage lender works out the details of the Office of Federal Housing Enterprise Oversight's proposed 40% increase in its required minimum capital surplus.
VIRGINIA BEACH, VA-A new private dining establishment, Town Center City Club, makes plans to open up to its selected list of guests in an 8,500-sf space at the Town Center of Virginia Beach, which features 825,000 sf of retail space.
WASHINGTON, DC-The amount of available space in the newly redesigned 12-story office tower at 1425 K St. gets lower as six businesses commit to long-term leases on a total of 50,000 sf, leaving only 14% of the 215,000-sf building vacant.
WASHINGTON, DC-Wiley Rein & Fielding LLP decides to stay put in its digs at 1750 K St. with the renewal of the lease on its 103,000-sf office space. In addition to its extension, the law firm is also committing to another 5,000 sf.
WASHINGTON, DC-The effort to revitalize a downtrodden neighborhood in DC's southeast section could very well get a boost with the District of Columbia Housing Authority's recent application for a $20 million HOPE VI Grant.
WASHINGTON, DC-The organization is now calling on the administration to put more effort into closing the gap between those who need affordable housing and the number of available affordable housing units.
WASHINGTON, DC-Disclosing the annual State of the Real Estate Finance Industry, the MBA glances back at a good year and forecasts a 2004 with a vast improvement in the economy, job growth and firm mortgage originations through 2006.
NORFOLK, VA-The nearly 130,000-sf office and warehouse property known as Norfolk Commerce Park II gets a new tenant as local firm Trader Publishing Co. signs up for 33,000 sf of office space.
SPRINGFIELD, VA-It's a first for the city and the 15th for the state as Spartanburg, SC-based hotel chain Extended Stay America Inc. opens a 126-room Extended StayAmerica Efficiency Suites hotel.
WILMINGTON, DE-In its efforts to attract the company, the state committed to providing a $6-million performance-based grant to help the project along. The City of Wilmington will add about $1 million in incentives, as well.